1/8 Charles Street S, South Launceston, TAS 7249 | Unit for sale | OnTheHouse
 
FOR SALE
Offers Over $479,000

1/8 Charles Street S
South Launceston TAS 7249

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 67m2
Land area: 116m2
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Location, Long-Term Tenant & Future Potential

Positioned just moments from Launceston General Hospital and within easy walking distance of the CBD, this well located ground floor co joined unit presents an appealing opportunity for investors and those looking to secure a low maintenance property for the future.
Offering two bedrooms, one bathroom and off street parking for one vehicle, the home sits on a flat block and also enjoys a small private courtyard at the rear, providing a simple outdoor space without the upkeep of a larger property.
For investors, the property comes with the added benefit of an exceptional long term tenancy. The current tenant has called the property home for an impressive 25 years, providing a remarkable history of occupancy and consistency. The property is currently leased at $340 per week, with the opportunity to review the rental return at the conclusion of the current tenancy period. The current market rental estimate indicates there is scope for an increase.
The location is a key feature, with Launceston General Hospital approximately 100 metres away and the CBD around a 10 minute walk, placing medical services, shops, cafes, restaurants and everyday amenities within easy reach.
Property highlights
Two bedrooms
One bathroom
Off street parking for one vehicle
Ground floor co joined unit
Flat block
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Property Details for 1/8 Charles St S, South Launceston

1/8 Charles St S, South Launceston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 116m2 and floor size of 67m2. The place is currently for sale with The Agency Northern Tasmania.

Building Type
Unit
Floor Size
67m2
Land Size
116m2
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About South Launceston 7249

The size of South Launceston is approximately 2.8 square kilometres. There are 8 parks, covering nearly 5.4% of the total area. The population of South Launceston in 2016 was 4592 people. By 2021 the population was 4894 showing a population growth of 6.6% in the area during that time. The predominant age group in South Launceston is 20-29 years. Households in South Launceston are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Launceston work in a professional occupation.In 2021, 51.20% of the homes in South Launceston were owner-occupied compared with 52.60% in 2016.

South Launceston has 2,430 properties. Over the last 5 years, Houses in South Launceston have seen a 41.03% increase in median value, while Units have seen a 43.65% increase. As at 31 August 2026:

  • The median value for Houses in South Launceston is $664,566 while the median value for Units is $483,788.
  • Houses have a median rent of $550 while Units have a median rent of $435.
There are currently 15 properties listed for sale, and 4 properties listed for rent in South launceston on OnTheHouse. According to Cotality's data, 120 properties were sold in the past 12 months in South launceston.

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Team Wayne And Bec
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The Agency Northern Tasmania
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